2016-11-14bloomberg.com

The group stands out as the only industry that normally benefits from a rising economy not to rally on speculation Trump's policies will stoke domestic growth. Tech stocks in the benchmark equity gauge have slumped 3.1 percent over four days, trailing the S&P 500 Index by 4.2 percentage points, the most since May 2009.

... No single fact explains the tech rout though everything from trade and immigration policy to industry rotation to flat-out campaign retaliation have been cited. Technology is the biggest group in the S&P 500 by far and one of the only ones to consistently post earnings growth over the last 18 months.

... The industry, which largely supported Hillary Clinton during her presidential campaign, may also face higher hurdles for expanding their footprints after some high-profile business leaders including Amazon Chief Executive Officer Jeff Bezos clashed with Trump during the election. Trump, responding to negative coverage in the Washington Post, which is owned by Bezos, maintained Bezos purchased the news organization to gain political influence and avoid antitrust scrutiny. Shares of the online retailer have lost more than $30 billion in value since Tuesday's vote.



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